Rapid growth of online retail platform and rising trend for rental of sports equipment and apparel
Global sports equipment and apparel market
Dublin, April 14, 2022 (GLOBE NEWSWIRE) — The “Global Sports Equipment and Apparel Market (2022-2027) by Product Type, Sport Type, Distribution Channel, End User, Application, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.
The global sports equipment and apparel market is estimated to be worth USD 620.08 billion in 2022 and is projected to reach USD 902.7 billion by 2027, growing at a CAGR of 7.8%.
Market dynamics are forces that impact pricing and stakeholder behaviors in the global sports equipment and apparel market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macro-economic and micro-economic factors.
There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.
As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.
Some of the companies covered in this report are Adidas AG, ANTA Sports Products Limited, Amer Sports, Asics, Callaway Golf Company, Decathlon, Yonex Co., Ltd, etc.
The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score.
The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc
The report presents a detailed analysis of the Ansoff matrix for the global sports equipment and apparel market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is also used for risk analysis to understand the risk associated with each approach.
The analyst analyzes the global sports equipment and apparel market using the Ansoff Matrix to provide the best approaches a company can take to improve its position in the market.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.
Main topics covered:
1 Description of the report
1.1 Objectives of the study
1.2 Market definition
1.4 years considered
1.6 Key Stakeholders
2 Research methodology
2.1 Research process
2.2 Data collection and validation
2.3 Market Size Estimation
2.4 Assumptions of the study
2.5 Limitations of the study
3 Executive Summary
3.2 Market Size, Segmentations and Outlook
4 Market dynamics
4.1.1 Increased Awareness of Sports and Fitness
4.1.2 Public and private initiatives in favor of sports activities and events
4.1.3 Use of sports protective equipment to reduce the extent of injuries
4.1.4 Rising trend for rental of sports equipment and clothing
4.1.5 Rapid Growth of Online Retail Platform
4.2.1 Increase in children’s propensity to engage in indoor leisure activities
4.2.2 High equipment prices
4.3.1 Need for continuous development of fashionable clothing
4.3.2 Increasing the average lifespan of a smartphone
4.3.3 Technological Advancement in Sports Equipment
4.4.1 Rise of terrorism and political influence on sporting events
5 Market Analysis
5.1 Regulatory scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff matrix analysis
6 Global Sports Equipment and Apparel Market, by Product Type
7 Global Sports Equipment and Apparel Market, By Sports Type
7.6 Fitness Equipment
7.7 Soccer Soccer
7.8 Winter sports
7.9 Water sports
8 Global Sports Equipment & Apparel Market, By Distribution Channel
9 Global Sports Equipment & Apparel Market, By End User
10 Global Sports Equipment and Apparel Market, by Application
10.3 Training Centers
10.4.1 Rental Shops
ANTA Sports Products Limited
Callaway Golf Company
Feng Tay Enterprises Co., Ltd.
Fila Holdings Corp.
Frasers Group plc
Gunn and Moore
Li Ning Company Limited
Reebok International Limited
Sturm, Ruger & Company, Inc.
Sumitomo Rubber Industries Limited
Under Armour, Inc.
Wilson & Company, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/h9l0ni
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